Scope of the Study
Food amino acids are defined as the ingredients which are used across numerous sectors of the food industries. It is widely used as a food additive which not only improves the flavor but also acts as imparts energy to the body. It helps to build muscles in the human body and cure digestive problems. It is widely used as sports nutrition product in order to gain muscle. Rising disposal income among middle-class families and changing consumer preference are likely to be a prime driver for the global food amino acids market
The market study is being classified by Type (Glutamic Acid, Valine, Tryptophan, Leucine, Methionine, Phenylalanine, Lysine and Others), by Application (Food Additives, Dietary Supplements, Nutraceuticals, Infant Food Formula, Pharmaceuticals and Others) and major geographies with country level break-up. According to AMA, the Global Food Amino Acids market is expected to see growth rate of 6.7% and may see market size of USD7.7 Million by 2024.
Ajinomoto Co., Inc. (Japan), Archer Daniels Midland Company (United States), Prinova Group LLC (United States), Brenntag AG (Germany), CJ Cheil Jedang (South Korea), Kyowa Hakko Kirin Co., Ltd (Japan), Evonik Industries (Germany), Sumitomo Chemical Co., Ltd (Japan), Sigma-Aldrich Corporation (United States) and Amino GmbH (Germany) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Pacific Rainbow International, Inc. (United States), Monteloeder S.L. (Spain), Taiyo international (Japan), Sunrise Nutrachem Group (China) and Rochem International Inc. (United States).
The food amino acid is highly fragmented with the presence of various players. Some of the major players in the market are Ajinomoto Co., Inc. (Japan), Archer Daniels Midland Company (United States), Prinova Group LLC (United States), among others Research Analyst at AMA predicts that United States and Germany Vendors will contribute to the maximum growth of Global Food Amino Acids market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Food Amino Acids market by Type, Application and Region. On the basis of Type, Glutamic Acid are dominating the market in the year 2018
On the basis of application, Nutraceuticals segment is dominating the market in the year 2018
On the basis of geography, the market of Food Amino Acids has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia-Pacific region held largest market share in the year 2018. North America on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Source, the sub-segment i.e. Plant will boost the Food Amino Acids market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Usage of Innovative Food Products with High Nutritional Value Worldwide
- Rising Health Consciousness among the Consumers and Rising Demand for Glutamic Acid as Flavor Enhancer
- One of the Latest Trend of this Market are Developing Technologies in the Food Sector
- High Cost Involved in R&D Activities & Production Resulting in High Prices
- Growing Demand from Emerging Market such as China, India, Brazil, Philippines, among others
- Increasing Usage of Multi-Page Labeling and Negative Perception of Consumers
Key Target AudienceFood Amino Acids Manufacturers, Dietary Supplements Manufacturers, Retailers and Wholesalers and Traders, Importers and Exporters
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